After a long wait since the initial proposal in January, we're finally launching our first incentive program using MOLTEN to unify the ecosystem. This article will explain how esMOLTEN works and how you can earn esMOLTEN rewards.

For those looking for a quick rundown: Trade and/or LP on Molten Network, Fantom, Optimism, and zkSync to earn esMOLTEN rewards.

What is esMOLTEN?

esMOLTEN is MOLTEN that's linearly vested over 1 year. What does this mean in practice? It's simple, 1 esMOLTEN can be activated to gradually transform from 0 MOLTEN to 1 MOLTEN over the course of a year. Vesting is linear, which means that waiting 6 months in this example turns your 1 esMOLTEN into 0.5 MOLTEN and 0.5 esMOLTEN.

Let's use this graphic to visualize how this works with our partner Sabiler, who's helping us create these vesting positions.

After you've traded for the week and want to claim and start vesting your esMOLTEN rewards into MOLTEN, this is what you'll likely see. This dashboard lets you audit the esMOLTEN distribution and rewards, ensuring transparency and trust. You can view the total claims, all users' claims/streams, and how others are using their esMOLTEN positions.

Here's how you can monitor any claims during the week and view your vesting position.

From the vesting screen, you can see all the details related to your vesting positions. One neat thing about these vesting positions is that they're actually NFTs! This allows another layer of composability, enabling users to transfer their esMOLTEN vesting position to another wallet, sell it on any NFT marketplace, or even possibly plug it into another NFT focused protocol. For example, if you don't want to vest your esMOLTEN for 1 year but have $5,000 worth of esMOLTEN locked in the position, you can take it to Opensea and sell it for a discount to allow someone else to vest the position, and you can take home some instant profit.

From the stream screen, you can see details related to the positions, including withdrawing (claiming) any already vested MOLTEN from the position.

We made it super easy to track your points too!

From the trading UI, you can see your accumulated esMOLTEN, your estimated USD rewards, volume & fees to the protocol, and the breakdown of the campaign against all other participants.

Remember, your volume determines how much esMOLTEN you can earn. Trade more volume from any pair, and earn a share of the esMOLTEN pot. These rewards are distributed every week, so every week you have a shot to be the king of the hill, earning the most amount of esMOLTEN.

For poolers, every hour you'll earn points as well on the supported networks (Molten Network, Fantom, Optimism, and zkSync) based on your share of the pool. At the end of the week, you'll have an esMOLTEN distribution to claim at the same time traders get their esMOLTEN vesting positions distributed. The APR is already adjusted for how much esMOLTEN would go to poolers on each network, but we're going to be making new adjustments to the UI to help clarify this for poolers.

Terms and Conditions

• Only activity on Molten, Fantom, Optimism, and zkSync will be rewarded at this time.

• Streams can be canceled if we’ve found traders we’re using exploitive measures to acquire points.

• The campaign can be paused at any moment if we find the program to be unhealthy to the protocol.

Quick Links

Discord invite link — https://discord.gg/moltennetwork

Twitter — https://twitter.com/moltenl3

Website -https://www.unidex.exchange/

Leverage Terminal — https://leverage.unidex.exchange/

Pool Liquidity — https://pool.unidex.exchange/

Business Inquiries — ecosystem@moltennetwork.com

RPC informationHTTPS RPC: https://molten.calderachain.xyz/http WS RPC: wss://molten.calderachain.xyz/wsChain ID: 360Bridge: https://molten.calderabridge.xyz Explorer: https://molten.calderaexplorer.xyz Status page: https://molten.betteruptime.com/

Available at launch

One of Molten's main features is the ability to circumvent the Oracle MEV, allowing for near-instant settlement for traders. At launch, users will be able to place orders that are completely MEV-protected, starting with our own Molten Perp protocol. Trades execute with next to no latency at roughly 0.3 seconds on average. This gives traders on Molten an edge for both speed & efficiency.

Rollup Stack OP Stack → Arbitrum Orbit?

During the testing leading up to the mainnet launch, we encountered some inefficiency problems that raised doubts about exactly how far we could push the network for traders. After consulting with Caldera and Arbitrum, we decided to fully migrate our rollup from an OP stack rollup to an Arbitrum Orbit powered rollup! Let's get into the details of what has changed because of this.

Firstly, our entire modifications to prevent oracle MEV carry over with no issues. Since the architecture at a sequencer level is fairly similar, this migration from our existing codebase to the new one didn't take long, but it provided some much-needed benefits!

Gas is now even cheaper when operating at full efficiency compared to the OP stack. This should translate to roughly a 3-4x savings compared to the previous testnet, allowing more trades and larger gas subsidies.

The minimum block time has been reduced from 2 seconds to 0.25 seconds, allowing a substantial improvement in oracle update frequency and transaction throughput. With the previous stack, it would have taken a whole 2 seconds to get a single confirmation, but now these trades can execute in rapid succession.

Arbitrum Stylus support allows protocols to deploy smart contracts written in Rust, C, or C++. Have a favorite dapp on Cosmos or Solana? They can now be ported over with efficient compute and memory optimization. This opens the door to a much larger developer scene possible on Molten that would previously be untapped.

Working fraud proofs from day one. Security and decentralization are what Molten is all about. Arbitrum's stack comes with completed fraud proofs for heightened decentralization and security that all rollups should provide.

Bridging Solutions

Initially, there will be a single bridge, known as the standard L2 bridge, often referred to as the optimistic slow bridge. Other solutions, known as "fast" bridges, will soon follow as they are deployed, but the main entry point will be the standard optimistic bridge. This provides the highest security and is identical to the bridge used by Arbitrum and other L2s. The only drawback is that deposits take a bit longer to finalize (around 15 minutes), and withdrawals will take 7 days to fully settle. Keep this in mind when depositing and withdrawing MOLTEN, USDC, and other assets into Molten while fast bridges are still deploying.

Gas Markets

Initially, transaction throughput will be throttled to collect some initial sequencer fees to post to Celestia. This means that gas will be artificially raised to around 200 GWEI on average and will gradually decrease over time to the nearly free cost that Molten promises. This is a similar practice to most L2's in their early stage deployment, but by utilizing a cheaper data availability solution, we can significantly shorten this period since we wouldn't need as much in reserve fees.

What’s next?

We'll be monitoring the on-chain oracle's performance and the desired block propagation performance this month in preparation for additional upgrades and partner optimizations. Molten is a chain for builders and we want to make sure it's functioning not just smoothly, but with maximum efficiency. For the initial Perp DEX deployed utilizing the UniDex stack, we’ll monitor performance with the new oracle solution and list additional pairs over time due to the decreased oracle risk the chain provides.

A week from now, the first monetary policy vote will conclude, determining how much incentive will be distributed to stimulate the chain and protocols deployed on Molten. Be on the lookout for that, as well as the incentives that will follow in the upcoming months. These should serve as an additional case study for Molten's performance.

Quick Links

Discord invite link — https://discord.gg/moltennetwork

Twitter — https://twitter.com/moltenl3

Website -https://www.unidex.exchange/

Leverage Terminal — https://leverage.unidex.exchange/

Business Inquiries — ecosystem@moltennetwork.com